First Eagle Private Credit Fund 10-Q 13 Nov 23 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Sep. 30, 2023	Nov. 13, 2023
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Registrant Name	First Eagle Private Credit Fund
Current Fiscal Year End Date	--12-31
Entity Small Business	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	814-01642
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	87-6975595
Entity Address, Address Line One	1345 Avenue of the Americas
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10105
Entity Central Index Key	0001890107
City Area Code	212
Local Phone Number	698-3300
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		10,366,798

Consolidated Statement of Asset

Consolidated Statement of Assets and Liabilities (unaudited) $ in Thousands	Sep. 30, 2023 USD ($) $ / shares
ASSETS
Non-controlled/non-affiliated investments, at fair value (amortized cost of: $5,951)	$ 5,955
Cash and cash equivalents	42,401
Interest and dividends receivable	256
DeferredFinancingCosts	2,603
Deferred offering costs	696
Prepaid expenses and other assets	44
Total assets	51,955
LIABILITIES
Offering costs payable	166
Financing costs payable	1,313
Accrued professional fees	321
Accrued Administration Expense	220
Accrued expenses and other liabilities	241
Total liabilities	2,261
Commitments and contingencies (Note 7)
NET ASSETS
Common shares, par value $0.001 (unlimited shares authorized, 2,056,000 shares issued and outstanding)	2
Paid-in capital in excess of par value	51,398
Distributable earnings (accumulated losses)	(1,706)
Total net assets	$ 49,694
Net asset value per share | $ / shares	$ 24.17

Consolidated Statement of Ass_2

Consolidated Statement of Assets and Liabilities (unaudited) (Parenthetical) $ in Thousands	Sep. 30, 2023 USD ($) $ / shares shares
Investment Amortized Cost | $	$ 5,951
Common stock, par value | $ / shares	$ 0.001
Common stock, Authorized
Common stock, Issued	2,056,000
Common stock, Outstanding	2,056,000
Non-Controlled/Non-Affiliated Investments
Investment Amortized Cost | $	$ 5,951

Consolidated Statements of Oper

Consolidated Statements of Operations (unaudited) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
From non-controlled/non-affiliated investments:
Interest income	$ 65	$ 65
Dividend income	563	563
Other Income	3	3
Total investment income	631	631
Expenses:
Interest expense	88	88
Administration expense	220	220
Base management fees	105	105
Organization costs	116	1,156
Amortization of continuous offering costs	198	198
Trustees' fees	91	177
Professional fees	259	321
Other general and administrative expenses	112	182
Total expenses	1,189	2,447
Management fees waiver	(105)	(105)
Net expenses	1,084	2,342
Net investment income (loss)	(453)	(1,711)
Net realized gains (losses):
Non-controlled/non-affiliated investments
Net realized gain (loss)
Net change in unrealized appreciation (depreciation):
Non-controlled non-affiliated investments	5	5
Net change in unrealized appreciation (depreciation) on investments, Total	5	5
Gain (Loss) on Investments, Total	5	5
Net increase (decrease) in net assets resulting from operations	$ (448)	$ (1,706)
Per share information - basic and diluted:
Net investment income (loss) per share (basic)	$ (0.24)	$ (1.56)
Net investment income (loss) per share (diluted)	(0.24)	(1.56)
Earnings per share (basic)	(0.24)	(1.56)
Earnings per share (diluted)	(0.24)	(1.56)
Distributions declared per share	$ 0	$ 0
Weighted average shares outstanding (basic)	1,855,261	1,095,769
Weighted average shares outstanding (diluted)	1,855,261	1,095,769

Consolidated Statements of Chan

Consolidated Statements of Changes in Net Assets (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2023
Balance, December 31, 2022	$ (1,158)
Operations:
Net investment income (loss)	(453)	$ (1,258)
Net change in unrealized appreciation (depreciation)	5
Net increase (decrease) in net assets resulting from operations	(448)	(1,258)	$ (1,706)
Capital Share Transactions:
Issuance of shares			2,056,000
Issuance of shares, Par value	51,300	100
Net increase (decrease) for the period	$ 50,852	(1,158)
Balance, Shares	2,056,000		2,056,000
Balance, June 30, 2023	$ (49,694)	$ (1,158)	$ (49,694)
Common Shares
Balance, December 31, 2022, Shares	4,000
Balance, December 31, 2022	$ 0
Capital Share Transactions:
Issuance of shares	2,052,000	4,000
Issuance of shares, Par value	$ 2	$ 0
Net increase (decrease) for the period, Shares	2,052,000	4,000
Net increase (decrease) for the period	$ 2	$ 0
Balance, Shares	2,056,000	4,000	2,056,000
Balance, June 30, 2023	$ 2	$ 0	$ 2
Paid-in-Capital in Excess of Par Value
Balance, December 31, 2022	100
Capital Share Transactions:
Issuance of shares, Par value	51,298	100
Net increase (decrease) for the period	51,298	100
Balance, June 30, 2023	51,398	100	51,398
Accumulated Earnings (Loss), Net of Distributions
Balance, December 31, 2022	(1,258)
Operations:
Net investment income (loss)	(453)	(1,258)
Net change in unrealized appreciation (depreciation)	5
Net increase (decrease) in net assets resulting from operations	(448)	(1,258)
Capital Share Transactions:
Issuance of shares, Par value	0	0
Net increase (decrease) for the period	(448)	(1,258)
Balance, June 30, 2023	$ (1,706)	$ (1,258)	$ (1,706)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows $ in Thousands	6 Months Ended
	Sep. 30, 2023 USD ($)
Cash flow from operating activities
Net increase (decrease) in net assets resulting from operations	$ (1,706)
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash used in operating activities:
Net accretion of discount and amortization of premium	(2)
Proceeds from sale of investments and principal repayments	14
Purchases of investments	(5,962)
Net change in unrealized (appreciation) depreciation on investments	(5)
Amortization of financing costs	22
Amortization of continuous offering costs	198
Changes in operating assets and liabilities:
Interest receivable	(256)
Prepaid expenses and other assets	(44)
Accrued administration expense	220
Accrued professional fees	321
Accrued expenses and other liabilities	241
Net cash provided by (used in) operating activities	(6,959)
Cash flow from financing activities
Proceeds from issuance of shares	51,400
Deferred Financing costs paid	(1,312)
Deferred offering costs paid	(728)
Net cash provided by (used in) financing activities	49,360
Net increase in cash and cash equivalents	42,401
Cash and cash equivalents, beginning of period	0
Cash and cash equivalents, end of period	42,401
Supplemental Cash Flow Information [Abstract]
Interest paid during the period	0
Accrued but unpaid debt financing costs	1,313
Accrued but unpaid offering costs	$ (166)

Consolidated Schedule of Invest

Consolidated Schedule of Investments (unaudited) $ in Thousands	6 Months Ended
	Sep. 30, 2023 USD ($)
Schedule of Investments [Line Items]
Investment Amortized Cost	$ 5,951
Non-controlled/non-affiliated investments, at fair value (amortized cost of: $5,951)	$ 5,955
Fair Value as % of Net Assets	11.98%
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated, First Lien Debt
Schedule of Investments [Line Items]
Investment Amortized Cost	$ 5,951	[1],[2],[3],[4],[5]
Non-controlled/non-affiliated investments, at fair value (amortized cost of: $5,951)	$ 5,955	[1],[2],[3],[4]
Fair Value as % of Net Assets	11.98%	[1],[2],[3],[4]
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated, First Lien Debt, Diversified Consumer Services, LaserAway, Region West, Reference Rate and Spread S + 5.75%, Interest Rate Floor 0.75%, Interest Rate 11.32%, Acquisition Date 9/22/2023, Maturity Date 10/14/2027
Schedule of Investments [Line Items]
Investment Reference Rate and Spread	5.75%	[1],[2],[3],[4],[6]
Investment Interest Rate Floor	0.75%	[1],[2],[3],[4],[6]
Investment Interest Rate	11.32%	[1],[2],[3],[4],[6],[7]
Investment Acquisition Date	Sep. 22, 2023	[1],[2],[3],[4],[6]
Investment Maturity Date	Oct. 14, 2027	[1],[2],[3],[4],[6]
Investment Owned Principal Amount	$ 1,526	[1],[2],[3],[4],[6],[8]
Investment Amortized Cost	1,507	[1],[2],[3],[4],[5],[6]
Non-controlled/non-affiliated investments, at fair value (amortized cost of: $5,951)	$ 1,526	[1],[2],[3],[4],[6]
Fair Value as % of Net Assets	3.07%	[1],[2],[3],[4],[6]
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated, First Lien Debt, Health Care Providers & Services
Schedule of Investments [Line Items]
Investment Amortized Cost	$ 1,642	[1],[2],[3],[4],[5]
Non-controlled/non-affiliated investments, at fair value (amortized cost of: $5,951)	$ 1,628	[1],[2],[3],[4]
Fair Value as % of Net Assets	3.27%	[1],[2],[3],[4]
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated, First Lien Debt, Health Care Providers & Services, Elevate HD Parent, Inc, Region Midwest, Reference Rate and Spread S + 6.00%, Interest Rate 11.48%, Acquisition Date 8/18/2023, Maturity Date 8/20/2029
Schedule of Investments [Line Items]
Investment Reference Rate and Spread	6%	[1],[2],[3],[4],[6]
Investment Interest Rate Floor	0%	[1],[2],[3],[4],[6]
Investment Interest Rate	11.48%	[1],[2],[3],[4],[6],[7]
Investment Acquisition Date	Aug. 18, 2023	[1],[2],[3],[4],[6]
Investment Maturity Date	Aug. 20, 2029	[1],[2],[3],[4],[6]
Investment Owned Principal Amount	$ 1,000	[1],[2],[3],[4],[6],[8]
Investment Amortized Cost	982	[1],[2],[3],[4],[5],[6]
Non-controlled/non-affiliated investments, at fair value (amortized cost of: $5,951)	$ 981	[1],[2],[3],[4],[6]
Fair Value as % of Net Assets	1.97%	[1],[2],[3],[4],[6]
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated, First Lien Debt, Health Care Providers & Services, Elevate HD Parent, Inc. (Delayed Draw), Region Midwest, Reference Rate and Spread S + 6.00%, Acquisition Date 8/18/2023, Maturity Date 2/18/2024
Schedule of Investments [Line Items]
Investment Reference Rate and Spread	6%	[1],[2],[3],[4],[6],[9],[10]
Investment Interest Rate Floor	0%	[1],[2],[3],[4],[6],[9],[10]
Investment Acquisition Date	Aug. 18, 2023	[1],[2],[3],[4],[6],[9],[10]
Investment Maturity Date	Feb. 18, 2024	[1],[2],[3],[4],[6],[9],[10]
Investment Amortized Cost	$ (1)	[1],[2],[3],[4],[5],[6],[9],[10]
Non-controlled/non-affiliated investments, at fair value (amortized cost of: $5,951)	$ (3)	[1],[2],[3],[4],[6],[9],[10]
Fair Value as % of Net Assets	(0.01%)	[1],[2],[3],[4],[6],[9],[10]
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated, First Lien Debt, Health Care Providers & Services, Elevate HD Parent, Inc. (Delayed Draw), Region Midwest, Reference Rate and Spread S + 6.00%, Acquisition Date 8/18/2023, Maturity Date 2/18/2025
Schedule of Investments [Line Items]
Investment Reference Rate and Spread	6%	[1],[2],[3],[4],[6],[9],[10]
Investment Interest Rate Floor	0%	[1],[2],[3],[4],[6],[9],[10]
Investment Acquisition Date	Aug. 18, 2023	[1],[2],[3],[4],[6],[9],[10]
Investment Maturity Date	Feb. 18, 2025	[1],[2],[3],[4],[6],[9],[10]
Investment Amortized Cost	$ (3)	[1],[2],[3],[4],[5],[6],[9],[10]
Non-controlled/non-affiliated investments, at fair value (amortized cost of: $5,951)	$ (10)	[1],[2],[3],[4],[6],[9],[10]
Fair Value as % of Net Assets	(0.02%)	[1],[2],[3],[4],[6],[9],[10]
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated, First Lien Debt, Health Care Providers & Services, Elevate HD Parent, Inc. (Revolver), Region Midwest, Reference Rate and Spread S + 6.00%, Acquisition Date 8/18/2023, Maturity Date 8/20/2029
Schedule of Investments [Line Items]
Investment Reference Rate and Spread	6%	[1],[2],[3],[4],[6],[10],[11]
Investment Interest Rate Floor	0%	[1],[2],[3],[4],[6],[10],[11]
Investment Acquisition Date	Aug. 18, 2023	[1],[2],[3],[4],[6],[10],[11]
Investment Maturity Date	Aug. 20, 2029	[1],[2],[3],[4],[6],[10],[11]
Investment Amortized Cost	$ (4)	[1],[2],[3],[4],[5],[6],[10],[11]
Non-controlled/non-affiliated investments, at fair value (amortized cost of: $5,951)	$ (4)	[1],[2],[3],[4],[6],[10],[11]
Fair Value as % of Net Assets	(0.01%)	[1],[2],[3],[4],[6],[10],[11]
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated, First Lien Debt, Health Care Providers & Services, Houseworks Holdings (Delayed Draw), Region Northeast, Reference Rate and Spread S + 6.50%, Acquisition Date 9/1/2023, Maturity Date 12/15/2028
Schedule of Investments [Line Items]
Investment Reference Rate and Spread	6.50%	[1],[2],[3],[4],[6],[9],[10]
Investment Interest Rate Floor	0%	[1],[2],[3],[4],[6],[9],[10]
Investment Acquisition Date	Sep. 01, 2023	[1],[2],[3],[4],[6],[9],[10]
Investment Maturity Date	Dec. 15, 2028	[1],[2],[3],[4],[6],[9],[10]
Investment Amortized Cost	$ (11)	[1],[2],[3],[4],[5],[6],[9],[10]
Non-controlled/non-affiliated investments, at fair value (amortized cost of: $5,951)	$ (15)	[1],[2],[3],[4],[6],[9],[10]
Fair Value as % of Net Assets	(0.03%)	[1],[2],[3],[4],[6],[9],[10]
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated, First Lien Debt, Health Care Providers & Services, Houseworks Holdings (Revolver), Region Northeast, Reference Rate and Spread S + 6.50%, Acquisition Date 9/1/2023, Maturity Date 12/15/2028
Schedule of Investments [Line Items]
Investment Reference Rate and Spread	6.50%	[1],[2],[3],[4],[6],[10],[11]
Investment Interest Rate Floor	0%	[1],[2],[3],[4],[6],[10],[11]
Investment Acquisition Date	Sep. 01, 2023	[1],[2],[3],[4],[6],[10],[11]
Investment Maturity Date	Dec. 15, 2028	[1],[2],[3],[4],[6],[10],[11]
Investment Amortized Cost	$ (5)	[1],[2],[3],[4],[5],[6],[10],[11]
Non-controlled/non-affiliated investments, at fair value (amortized cost of: $5,951)	$ (5)	[1],[2],[3],[4],[6],[10],[11]
Fair Value as % of Net Assets	(0.01%)	[1],[2],[3],[4],[6],[10],[11]
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated, First Lien Debt, Health Care Providers & Services, Houseworks Holdings, Region Northeast, Reference Rate and Spread S + 6.50%, Interest Rate 12.06%, Acquisition Date 9/1/2023, Maturity Date 12/15/2028
Schedule of Investments [Line Items]
Investment Reference Rate and Spread	6.50%	[1],[2],[3],[4],[6]
Investment Interest Rate Floor	0%	[1],[2],[3],[4],[6]
Investment Interest Rate	12.06%	[1],[2],[3],[4],[6],[7]
Investment Acquisition Date	Sep. 01, 2023	[1],[2],[3],[4],[6]
Investment Maturity Date	Dec. 15, 2028	[1],[2],[3],[4],[6]
Investment Owned Principal Amount	$ 705	[1],[2],[3],[4],[6],[8]
Investment Amortized Cost	684	[1],[2],[3],[4],[5],[6]
Non-controlled/non-affiliated investments, at fair value (amortized cost of: $5,951)	$ 684	[1],[2],[3],[4],[6]
Fair Value as % of Net Assets	1.38%	[1],[2],[3],[4],[6]
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated, First Lien Debt, Household Durables
Schedule of Investments [Line Items]
Investment Amortized Cost	$ 567	[1],[2],[3],[4],[5]
Non-controlled/non-affiliated investments, at fair value (amortized cost of: $5,951)	$ 567	[1],[2],[3],[4]
Fair Value as % of Net Assets	1.14%	[1],[2],[3],[4]
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated, First Lien Debt, Household Durables, Air Conditioning Specialist, Inc, Region Southeast, Reference Rate and Spread S + 7.00%, Interest Rate 12.51%, Acquisition Date 8/16/2023, Maturity Date 11/9/2026
Schedule of Investments [Line Items]
Investment Reference Rate and Spread	7%	[1],[2],[3],[4],[6]
Investment Interest Rate Floor	0%	[1],[2],[3],[4],[6]
Investment Interest Rate	12.51%	[1],[2],[3],[4],[6],[7]
Investment Acquisition Date	Aug. 16, 2023	[1],[2],[3],[4],[6]
Investment Maturity Date	Nov. 09, 2026	[1],[2],[3],[4],[6]
Investment Owned Principal Amount	$ 545	[1],[2],[3],[4],[6],[8]
Investment Amortized Cost	537	[1],[2],[3],[4],[5],[6]
Non-controlled/non-affiliated investments, at fair value (amortized cost of: $5,951)	$ 537	[1],[2],[3],[4],[6]
Fair Value as % of Net Assets	1.08%	[1],[2],[3],[4],[6]
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated, First Lien Debt, Household Durables, Air Conditioning Specialist, Inc. (Revolver), Region Southeast, Reference Rate and Spread S + 7.00%, Interest Rate 12.51%, Acquisition Date 8/16/2023, Maturity Date 11/9/2026
Schedule of Investments [Line Items]
Investment Reference Rate and Spread	7%	[1],[2],[3],[4],[6],[10],[11]
Investment Interest Rate Floor	0%	[1],[2],[3],[4],[6],[10],[11]
Investment Interest Rate	12.51%	[1],[2],[3],[4],[6],[7],[10],[11]
Investment Acquisition Date	Aug. 16, 2023	[1],[2],[3],[4],[6],[10],[11]
Investment Maturity Date	Nov. 09, 2026	[1],[2],[3],[4],[6],[10],[11]
Investment Owned Principal Amount	$ 30	[1],[2],[3],[4],[6],[8],[10],[11]
Investment Amortized Cost	30	[1],[2],[3],[4],[5],[6],[10],[11]
Non-controlled/non-affiliated investments, at fair value (amortized cost of: $5,951)	$ 30	[1],[2],[3],[4],[6],[10],[11]
Fair Value as % of Net Assets	0.06%	[1],[2],[3],[4],[6],[10],[11]
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated, First Lien Debt, IT Services
Schedule of Investments [Line Items]
Investment Amortized Cost	$ 959	[1],[2],[3],[4],[5]
Non-controlled/non-affiliated investments, at fair value (amortized cost of: $5,951)	$ 959	[1],[2],[3],[4]
Fair Value as % of Net Assets	1.93%	[1],[2],[3],[4]
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated, First Lien Debt, IT Services, Acumera, Inc, Region Southwest, Reference Rate and Spread S + 7.50%, Interest Rate Floor 1.00%, Interest Rate 12.99%, Acquisition Date 9/29/2023, Maturity Date 6/7/2028
Schedule of Investments [Line Items]
Investment Reference Rate and Spread	7.50%	[1],[2],[3],[4],[6]
Investment Interest Rate Floor	1%	[1],[2],[3],[4],[6]
Investment Interest Rate	12.99%	[1],[2],[3],[4],[6],[7]
Investment Acquisition Date	Sep. 29, 2023	[1],[2],[3],[4],[6]
Investment Maturity Date	Jun. 07, 2028	[1],[2],[3],[4],[6]
Investment Owned Principal Amount	$ 975	[1],[2],[3],[4],[6],[8]
Investment Amortized Cost	960	[1],[2],[3],[4],[5],[6]
Non-controlled/non-affiliated investments, at fair value (amortized cost of: $5,951)	$ 960	[1],[2],[3],[4],[6]
Fair Value as % of Net Assets	1.93%	[1],[2],[3],[4],[6]
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated, First Lien Debt, IT Services, Acumera, Inc. (Revolver), Region Southwest, Reference Rate and Spread S + 7.50%, Interest Rate Floor 1.00%, Acquisition Date 9/29/2023, Maturity Date 6/7/2028
Schedule of Investments [Line Items]
Investment Reference Rate and Spread	7.50%	[1],[2],[3],[4],[6],[10],[11]
Investment Interest Rate Floor	1%	[1],[2],[3],[4],[6],[10],[11]
Investment Acquisition Date	Sep. 29, 2023	[1],[2],[3],[4],[6],[10],[11]
Investment Maturity Date	Jun. 07, 2028	[1],[2],[3],[4],[6],[10],[11]
Investment Amortized Cost	$ (1)	[1],[2],[3],[4],[5],[6],[10],[11]
Non-controlled/non-affiliated investments, at fair value (amortized cost of: $5,951)	$ (1)	[1],[2],[3],[4],[6],[10],[11]
Fair Value as % of Net Assets	(0.00%)	[1],[2],[3],[4],[6],[10],[11]
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated, First Lien Debt, Textiles, Apparel, & Luxury Goods, TR Apparel, LLC, Region Northeast, Reference Rate and Spread S + 8.00%, Interest Rate Floor 2.00%, Interest Rate 13.33%, Acquisition Date 8/9/2023, Maturity Date 6/20/2027
Schedule of Investments [Line Items]
Investment Reference Rate and Spread	8%	[1],[2],[3],[4],[6]
Investment Interest Rate Floor	2%	[1],[2],[3],[4],[6]
Investment Interest Rate	13.33%	[1],[2],[3],[4],[6],[7]
Investment Acquisition Date	Aug. 09, 2023	[1],[2],[3],[4],[6]
Investment Maturity Date	Jun. 20, 2027	[1],[2],[3],[4],[6]
Investment Owned Principal Amount	$ 1,304	[1],[2],[3],[4],[6],[8]
Investment Amortized Cost	1,276	[1],[2],[3],[4],[5],[6]
Non-controlled/non-affiliated investments, at fair value (amortized cost of: $5,951)	$ 1,275	[1],[2],[3],[4],[6]
Fair Value as % of Net Assets	2.57%	[1],[2],[3],[4],[6]
Investment, Identifier [Axis]: Total Investments - non-controlled/non-affiliated
Schedule of Investments [Line Items]
Investment Amortized Cost	$ 5,951	[1],[2],[3],[4],[5]
Non-controlled/non-affiliated investments, at fair value (amortized cost of: $5,951)	$ 5,955	[1],[2],[3],[4]
Fair Value as % of Net Assets	11.98%	[1],[2],[3],[4]
Investment, Identifier [Axis]: Warrant, IT Services, Acumera, Inc, Region Southwest
Schedule of Investments [Line Items]
Investment Owned Principal Amount	$ 1	[1],[2],[3],[4],[6],[8]
[1] All debt investments are income producing unless otherwise noted. All equity and warrant investments are non-income producing unless otherwise noted. All investments are non-controlled/non-affiliated investments as defined by the Investment Company Act of 1940 (the “1940 Act”). The provisions of the 1940 Act classify investments based on the level of control that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally presumed to be “non-controlled” when we own 25 % or less of the portfolio company’s voting securities and “controlled” when we own more than 25 % of the portfolio company’s voting securities. The provisions of the 1940 Act also classify investments further based on the level of ownership that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally deemed as “non-affiliated” when we own less than 5 % of a portfolio company’s voting securities and “affiliated” when we own 5 % or more of a portfolio company’s voting securities. As of September 30, 2023, no investments were pledged as collateral under the Company's Credit Facility (refer to Note 6). Security may be an obligation of one or more entities affiliated with the named portfolio company. The cost represents the original cost adjusted for the amortization of discount and premium, as applicable, and inclusive of any capitalized paid-in-kind income ("PIK"), for debt securities. These investments were valued using unobservable inputs and are considered Level 3 investments. Fair value was determined in good faith by the valuation designee under the oversight of the Board of Trustees (refer to Note 2 and Note 4), pursuant to the Company’s valuation policy. Variable rate loans to the portfolio companies bear interest at a rate that is determined by reference to the Secured Overnight Financing Rate ("SOFR") (denoted as "S") which generally resets periodically. For each loan, the Company has indicated the reference rate used and provided the spread and the interest rate in effect as of September 30, 2023. For portfolio companies with multiple interest rate contracts under a single credit agreement, the interest rate shown is a weighted average current interest rate in effect at September 30, 2023. Variable rate loans typically include an interest reference rate floor feature, which the Company has indicated if applicable. Unless noted otherwise, the principal amount (par amount) for all debt securities is denominated in U.S. dollars. Equity investments are recorded as number of shares/shares owned. Portfolio company pays 1.0 % unfunded commitment fee on delayed draw term loan. Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion, although the investment may be subject to unused commitment fees. Negative cost and fair value results from unamortized fees, which are capitalized to the investment cost. Portfolio company pays 0.5 % unfunded commitment fee on revolving loan facility.

Consolidated Schedule of Inve_2

Consolidated Schedule of Investments (unaudited) (Parenthetical) - Portfolio [Member]	Sep. 30, 2023
Schedule of Investments [Line Items]
Portfolio unfunded commitment fee	1%
Revolving Credit Facility [Member]
Schedule of Investments [Line Items]
Portfolio unfunded commitment fee	0.50%
Maximum [Member] | Affiliated [Member]
Schedule of Investments [Line Items]
Percentage of voting interests acquired in portfolio	5%
Maximum [Member] | Controlled [Member]
Schedule of Investments [Line Items]
Percentage of voting interests acquired in portfolio	25%
Minimum [Member] | Non Affiliated [Member]
Schedule of Investments [Line Items]
Percentage of voting interests acquired in portfolio	5%
Minimum [Member] | Non Controlled [Member]
Schedule of Investments [Line Items]
Percentage of voting interests acquired in portfolio	25%

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (448)	$ (1,258)	$ (1,706)

Insider Trading Arrangements

Insider Trading Arrangements	6 Months Ended
	Sep. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization

Organization	6 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Note 1. Organization First Eagle Private Credit Fund (together with its subsidiaries, “the “Company”), is a Delaware statutory trust formed on October 20, 2021 to act as a non-diversified, closed-end management investment company. On May 31, 2023, the Company elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). In addition, the Company expects to elect to be treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), and expects to qualify as a RIC annually thereafter. The Company is externally managed by First Eagle Investment Management, LLC (“FEIM” or the “Adviser”). The Adviser oversees the management of the Company’s activities and supervises the activities of First Eagle Alternative Credit, LLC (“FEAC” or the “Subadviser”, and together with the Adviser, the "Advisers"). FEAC, an alternative credit adviser that is a wholly-owned subsidiary of FEIM, serves as the Company’s investment subadviser and administrator (the "Administrator"). The Company has two wholly owned subsidiaries - First Eagle Private Credit Fund SPV, LLC, which is a financing subsidiary of the Company, and FEPC Fund Servicer, LLC, which is the servicer of the Company's Credit Facility. The Company’s investment objectives are to generate returns in the form of current income and, to a lesser extent, long-term capital appreciation of investments. Under normal circumstances, the Company expects that the majority of its total assets will be in private credit investments to U.S. private companies through (i) directly originated first lien senior secured cash flow loans, (ii) directly originated asset-based loans, (iii) club deals (directly originated first lien senior secured or asset-based loans in which the Company co-invests with a small number of third party private debt providers), (iv) second lien loans, and (v) broadly syndicated loans, Rule 144A high yield bonds and other debt securities (the investments described in this sentence, collectively, “Private Credit”). Under normal circumstances, the Company will invest at least 80 % of its total assets (net assets plus borrowings for investment purposes) in private credit investments (loans and other credit instruments that are issued in private offerings or issued by private U.S. or non-U.S. companies). To a lesser extent, the Company will also invest in broadly syndicated loans of publicly traded issuers, publicly traded high yield bonds and equity securities. The Company expects that investments in broadly syndicated loans and high yield bonds will generally be more liquid than other Private Credit assets and will likely be used to initially deploy capital upon receipt of subscriptions and may also be used for the purposes of maintaining and managing liquidity for its share repurchase program and cash management, while also presenting an opportunity for attractive investment returns. The Company is offering and selling its common shares of beneficial interest, par value $ 0.001 per share (the "Common Shares") in a continuous private placement (the “Private Offering”) in the United States under the exemption provided by Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"), and Regulation D promulgated thereunder. The Company commenced its loan origination process and investment activities contemporaneously with the initial closing (excluding the initial seed capital investment made by the Adviser) (the “Initial Closing”) of the Private Offering and commenced operations following its first capital call on July 10, 2023 ("Commencement of Operations"). Prior to the Initial Closing, on April 28, 2023, the Adviser purchased 4,000 Common Shares at $ 25.00 per share.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Significant Accounting Policies	Note 2. Significant Accounting Policies Basis of Presentation The Company is an investment company following the accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services—Investment Companies. The Company’s first fiscal period will end on December 31, 2023. The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP") and pursuant to the requirements for reporting on Form 10-Q and Article 10 of Regulation S-X. Accordingly, certain disclosures accompanying annual financial statements prepared in accordance with GAAP are omitted. In the opinion of management, the unaudited financial results included herein contain all adjustments, consisting solely of normal accruals, considered necessary for the fair statement of financial statements for the interim period included herein. The current period's results of operations are not necessarily indicative of the operating results to be expected for the period ending December 31, 2023. The Company had no net assets as of December 31, 2022. As a result, comparative consolidated statements of assets and liabilities, consolidated statements of operations, consolidated statements of changes in net assets and consolidated statements of cash flows are not presented. As an emerging growth company, we intend to take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. Consolidation As provided under ASC Topic 946, Financial Services—Investment Companies, the Company generally will not consolidate its investment in a company other than substantially owned investment company subsidiaries or a controlled operating company whose business consists of providing services to the Company. Use of Estimates The preparation of the Company's financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates and such differences could be material. Cash and Cash Equivalents Cash and cash equivalents consist of demand deposits and highly liquid investments, such as money market funds, with original maturities of three months or less. Cash and cash equivalents are carried at cost, which approximates fair value. The Company's cash and cash equivalents are held with a financial institution and, at times, may exceed the Federal Deposit Insurance Corporation insured limit. Investments Investment transactions are recorded on a trade date basis. Realized gains or losses are measured by the difference between the net proceeds received (excluding prepayment fees, if any) and the amortized cost basis of the investment using the specific identification method without regard to unrealized gains or losses previously recognized, and include investments charged off during the period, net of recoveries, and is recorded within net realized gain (loss) on the Consolidated Statement of Operations. The net change in unrealized gains or losses primarily reflects the change in investment values, including the reversal of previously recorded unrealized gains or losses with respect to investments realized during the period, and is recorded within net unrealized appreciation (depreciation) on the Consolidated Statement of Operations. Fair Value of Financial Instruments The Company applies fair value to its portfolio investments in accordance with ASC Topic 820— Fair Value Measurements and Disclosures ("ASC Topic 820"). ASC Topic 820 defines fair value, establishes a framework used to measure fair value, and requires disclosures for fair value measurements, including the categorization of financial instruments into a three-level hierarchy based on the transparency of valuation inputs. ASC Topic 820 also requires disclosure of the fair value of financial instruments for which it is practical to estimate such value. Refer to Note 4—" Fair Value Measurements" for further discussion regarding fair value measurements and hierarchy. Revenue Recognition Interest Income Interest income, adjusted for amortization of premium and accretion of discount, is recorded on an accrual basis to the extent that the Company expects to collect such amounts. Discounts from and premiums to par value on debt investments, loan origination fees and upfront fees received that are deemed to be an adjustment to yield are accreted/amortized into interest income over the life of the respective security using the effective interest method. The amortized cost of debt investments represents the original cost, including loan origination fees and upfront fees, adjusted for the accretion of discounts and amortization of premiums, if any. Upon prepayment of a loan or debt security, any prepayment premiums, unamortized upfront loan origination fees and unamortized discounts are recorded as interest income in the current period. The Company will recognize any earned exit or back-end fees into income when it believes the amounts will ultimately become collected by using either the beneficial interest model or other appropriate income recognition frameworks. The Company had $ 65 of interest income during the three and six months ended September 30, 2023. PIK Income The Company may have investments in its portfolio which contain a contractual paid-in-kind ("PIK"), interest provision. PIK interest is computed at the contractual rate specified in each investment agreement, is added to the principal balance of the investment, and is recorded as income. The Company will cease accruing PIK interest if there is insufficient value to support the accrual or if the Company does not expect amounts to be collectible and will generally only begin to recognize PIK income again when all principal and interest have been paid or upon the restructuring of the investment where the interest is deemed collectible. To maintain the Company's status as a RIC, PIK interest income, which is considered investment company taxable income, may be required to be paid out to shareholders in the form of dividends even though the Company has not yet collected the cash. Amounts necessary to pay these dividends may come from available cash. The Company did not have any PIK investments during the three and six months ended September 30, 2023. Dividend Income Dividend income on preferred equity investments is recorded on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity investments is recorded on the record date for private portfolio companies and on the ex-dividend date for publicly traded portfolio companies. Distributions received from a limited liability company or limited partnership investment are evaluated to determine if the distribution should be recorded as dividend income or a return of capital. The Company had $ 563 of dividend income during the three and six months ended September 30, 2023. Other Income The Company may also generate revenue in the form of structuring, arranger or due diligence fees, amendment or consent fees, portfolio company administration fees, fees for providing significant managerial assistance and consulting fees. Such fees are recognized as income when earned or the services are rendered. The Company had $ 3 of other income during the three and six months ended September 30, 2023. Non-Accrual Loans are placed on non-accrual status when there is reasonable doubt whether principal or interest payments will be collected in full. The Company records the reversal of any previously accrued income against the same income category reflected in the Consolidated Statement of Operations. Additionally, any original issue discount ("OID") and market discount are no longer accreted to interest income as of the date the loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management's judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest is paid current and, in management's judgment, are likely to remain current. However, the Company may make exceptions to this policy if the loan has sufficient collateral value and is in the process of collection. As of September 30, 2023, the Company had no loans on non-accrual status. Organization and Offering Expenses Costs associated with the organization of the Company are expensed as incurred. These expenses consist primarily of legal fees and other costs of organizing the Company. Costs associated with the offering of Common Shares of the Company are capitalized as deferred offering costs on the Consolidated Statement of Assets and Liabilities and amortized over a twelve-month period from the later of the Commencement of Operations or the date of incurrence. These expenses consist primarily of legal fees and other costs incurred in connection with the Company's continuous private offering. Deferred Financing Costs Deferred financing costs consist of fees and expenses paid in connection with the closing and amendments of the Credit Facility (as defined in Note 6 hereto), including legal, accounting, and other related expenses. These costs are capitalized at the time of payment and are amortized using the straight line method over the term of the Credit Facility. Under the Credit Facility, if the borrowing capacity of a new arrangement is lower than the borrowing capacity of the old arrangement, evaluated on a lender by lender basis, then any unamortized deferred financing costs would be expensed during the period in proportion to the decrease in the old arrangement for that lender. Any remaining unamortized deferred financing costs relating to the old arrangement would be deferred and amortized over the term of the new arrangement along with any costs associated with the new arrangement. Capitalized deferred financing costs related to the Credit Facility are presented separately on the Company's Consolidated Statement of Assets and Liabilities. Refer to Note 6—"Borrowings" for additional information. U.S. Federal Income Taxes, Including Excise Tax The Company has elected to be regulated as a BDC under the 1940 Act. In addition, the Company intends to elect to be treated as a RIC under Subchapter M of the Code, and expects to qualify as a RIC annually thereafter. So long as the Company maintains its status as a RIC, it generally will not pay corporate-level U.S. federal income taxes on any ordinary income or capital gains that it distributes at least annually to its shareholders as dividends. Rather, any tax liability related to income earned and distributed by the Company would represent obligations of the Company’s investors and would not be reflected in the financial statement of the Company. The Company evaluates tax positions taken or expected to be taken in the course of preparing its financial statement to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, ongoing analyses of tax laws, regulations and interpretations thereof. To qualify for and maintain qualification as a RIC, the Company must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Company must distribute to its shareholders, for each taxable year, at least 90 % of the sum of (i) its investment company taxable income, as defined by the Code but determined without regard to the deduction for dividends paid, and (ii) its net tax-exempt income for such taxable year. In addition, based on the excise tax distribution requirements, the Company is subject to a 4 % nondeductible federal excise tax on undistributed earnings unless the Company distributes in a timely manner in each calendar year an amount at least equal to the sum of (1) 98 % of its ordinary income for the calendar year, (2) 98.2 % of its capital gain net income (both long-term and short-term, and adjusted for certain ordinary losses) for the one-year period generally ending October 31 of that calendar year and (3) any income realized, but not distributed, in prior years. For this purpose, however, any ordinary income or capital gain net income retained by the Company that is subject to corporate income tax is considered to have been distributed. Although the Company currently intends to make the required distributions to avoid the application of the 4 % U.S. federal excise tax, the Company may also decide to retain taxable income in excess of current year dividend distributions and to pay any applicable excise tax on such undistributed incom e. Distributions The Company intends to make monthly distributions to its shareholders. Distributions to shareholders are recorded on the record date. All distributions will be paid at the discretion of the Company's board of trustees (the "Board"), considering factors such as the Company's earnings, cash flows, capital and liquidity needs and general financial condition and the requirements of Delaware law.

Investments

Investments	6 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Investments	Note 3. Investments The following is a summary of the composition of the Company's investment portfolio at cost and fair value as of September 30, 2023: Amortized Cost Fair Value % of Total Investments at Fair Value First lien loan $ 5,951 $ 5,955 100.00 % Total investments $ 5,951 $ 5,955 100.00 % The following is a summary of the industry classifications in which the Company invests as of September 30, 2023: Amortized Cost Fair Value % of Total Investments at Fair Value Fair Value as % of Net Assets Diversified Consumer Services $ 1,507 $ 1,526 25.62 % 3.07 % Health Care Providers & Services 1,642 1,628 27.34 3.27 Household Durables 567 567 9.52 1.14 IT Services 959 959 16.11 1.93 Textiles, Apparel, & Luxury Goods 1,276 1,275 21.41 2.57 Total $ 5,951 $ 5,955 100.00 % 11.98 % The following is a summary of the geographical concentration of the Company's investment portfolio as of September 30, 2023: Amortized Cost Fair Value % of Total Investments at Fair Value Fair Value as % of Net Assets Southwest $ 959 $ 959 16.10 % 1.93 % Southeast 567 567 9.52 1.14 Midwest 974 964 16.19 1.94 West 1,507 1,526 25.63 3.07 Northeast 1,944 1,939 32.56 3.90 Total $ 5,951 $ 5,955 100.00 % 11.98 % As of September 30, 2023, there were no loans on non-accrual status. As of September 30, 2023, on a fair value basis, 100 % of the Company's performing debt investments bore interest at a floating rate.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 4. Fair Value Measurements Investments The Company values all investments in accordance with ASC Topic 820, which requires enhanced disclosures about assets and liabilities that are measured and reported at fair value. As defined in ASC Topic 820, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Where available, fair value is based on observable market prices or parameters, or derived from such prices or parameters. Where observable prices or inputs are not available, valuation models are applied. These valuation models involve some level of management estimation and judgment, the degree of which is dependent on the price transparency for the assets or liabilities or market and the assets' or liabilities' complexity. ASC Topic 820 establishes a hierarchical disclosure framework which prioritizes and ranks the level of market price observability of inputs used in measuring investments at fair value. Market price observability is affected by a number of factors, including the type of investment and the characteristics specific to the investment. Investments with readily available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The guidance establishes three levels of the fair value hierarchy as follows: Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 - Quoted prices in markets that are not considered to be active or financial instruments for which significant inputs are observable, either directly or indirectly; Level 3 - Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. The level of an asset or liability within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. However, the determination of what constitutes "observable" requires significant judgment by management. Pursuant to Rule 2a-5 under the 1940 Act ("Rule 2a-5"), the Board has designated FEIM as the Company's valuation designee, as the term is defined in Rule 2a-5 (the "Valuation Designee"). FEIM, as the Valuation Designee, performs fair value determinations of the Company's assets by implementing valuation policies and procedures approved by the Board, subject to the oversight of the Board and the Board's Audit Committee, and in compliance with the requirements of Rule 2a-5. In calculating the value of the Company's total assets, investments for which market quotations are readily available are valued using market quotations, which are generally obtained from an independent pricing service or one or more broker-dealers or market makers. Debt and equity securities for which market quotations are not readily available or are determined to be unreliable are valued at fair value as determined in good faith by the Valuation Designee. With respect to the investments for which market quotations are not readily available, the Company undertakes a multi-step valuation process each quarter, as described below: 1. the Company's valuation process begins with each portfolio company or investment being initially valued by the investment professionals responsible for managing portfolio investments; concurrently therewith, on at least an annual basis, independent valuation firms are used to conduct independent appraisals of all investments for which market quotations are either not readily available or are determined to be unreliable unless the amount of an investment is immaterial; 2. the preliminary valuation recommendation of the investment professionals and the applicable input of the independent valuation firms (the "Preliminary Valuation Data") are then documented and reviewed with FEAC's pricing professionals; 3. the Preliminary Valuation Data are then discussed with, and approved by, the pricing committee of FEAC; 4. FEIM's valuation committee independently discusses the Preliminary Valuation Data and determines the fair value of each investment in good faith based on the Preliminary Valuation Data; and 5. on a quarterly basis, a designee of FEIM's valuation committee discusses the fair value determinations of each investment with the Audit Committee. When we determine our net asset value ("NAV") as of the last day of a month that is not also the last day of a calendar quarter, we intend to update the value of securities with reliable market quotations to the most recent market quotation. For securities without reliable market quotations, FEIM’s valuation team will generally value such assets at the most recent quarterly valuation unless FEAC determines that a significant observable change has occurred since the most recent quarter end with respect to the investment (which determination may be as a result of a material event at a portfolio company, material change in market spreads, secondary market transaction in the securities of an investment or otherwise). If FEAC determines such a change has occurred with respect to one or more investments, the relevant portfolio management team shall determine whether to recommend a change to the FEIM valuation committee and whether the applicable pricing professional will determine whether to engage an independent valuation firm for assistance. FEIM will then discuss and determine the fair value of such investment(s) in the Company’s portfolio in good faith based on the input of any applicable respective independent valuation firms. The types of factors that the Valuation Designee may take into account in fair value pricing the Company's investments include, as relevant, the nature and realizable value of any collateral, the portfolio company's ability to make payments and its earnings and discounted cash flows, the markets in which the portfolio company does business, comparison to publicly traded securities and other relevant factors. For cash flow debt investments, the Valuation Designee generally determines the fair value primarily using an income, or yield, approach that analyzes the discounted cash flows of interest and principal for the debt security, as set forth in the associated loan agreements, as well as the financial position and credit risk of each portfolio investment. The Valuation Designee's estimate of the expected repayment date is generally the legal maturity date of the instrument. The yield analysis considers changes in leverage levels, credit quality, portfolio company performance and other factors. The enterprise value, a market approach, is used to determine the value of debt investments that are credit impaired, close to maturity or where the Company also holds a controlling equity interest. The method for determining enterprise value uses a multiple analysis, whereby appropriate multiples are applied to the portfolio company's revenues or net income before net interest expense, income tax expense, depreciation and amortization, or EBITDA. For asset-based loans, the Valuation Designee generally determines the fair value using the liquidation approach that analyzes the underlying collateral of the loan, as set forth in the associated loan agreements and the borrowing base certificates. Liquidation valuations may be determined using a net orderly liquidation value, a forced liquidation value, or other methodology. Such liquidation values may be further reduced by certain reserves that may reduce the value of the collateral available to support the outstanding debt in a wind down scenario (the net realized value of the collateral). For equity investments, an income and/or market approach is generally used to value equity investments for which there is no established public or private market. The market approach values an investment by examining observable market values for similar investments. The resulting valuation, although stated as a precise number, is necessarily within a range of values that vary depending upon the significance attributed to the various factors being considered. Some of these factors may include current market trading and/or transaction multiples, the portfolio company's relative financial performance relative to public and private peer companies and leverage levels. In addition, for certain debt investments, the Valuation Designee may base its valuation on indicative bid and ask prices provided by an independent third-party pricing service. Bid prices reflect the highest price that the Company and others may be willing to pay. Ask prices represent the lowest price that the Company and others may be willing to accept. The Valuation Designee generally uses the midpoint of the bid/ask range as its best estimate of fair value of such investment. The Company has adopted the authoritative guidance under GAAP for estimating the fair value of investments in investment companies that have calculated NAV per share in accordance with the specialized accounting guidance for investment companies. Accordingly, in circumstances in which NAV per share of an investment is determinative of fair value, the Company estimates the fair value of an investment in an investment company using the NAV per share of the investment (or its equivalent) without further adjustment if the NAV per share of the investment is determined in accordance with the specialized accounting guidance for investment companies as of the reporting entity's measurement date. As of September 30, 2023, the Valuation Designee determined, in good faith, the fair value of the Company's portfolio investments in accordance with GAAP and the Company's valuations procedures based on the facts and circumstances known by the Company at that time, or reasonably expected to be known at that time. Fair Value Disclosures The following is a summary of the composition of the Company's investment portfolio at cost and fair value as of September 30, 2023: September 30, 2023 Level 1 Level 2 Level 3 Total First Lien Loan $ — $ — $ 5,955 $ 5,955 Total Investments $ — $ — $ 5,955 $ 5,955 Percentage of Total 0.00 % 0.00 % 100.00 % 100.00 % The following table provides a reconciliation of the beginning and ending balances for investments at fair value that use Level 3 inputs for the three and six months ended September 30, 2023: Three and Six Months Ended September 30, 2023 First Lien Loan Fair value, beginning of period $ — Purchase of investments (including PIK) 5,962 Proceeds from principal repayments and sales of investments ( 14 ) Amortization of premium/accretion of discount, net 2 Net realized gain (loss) on investments — Net change in unrealized appreciation (depreciation) on investments 5 Fair value, end of period $ 5,955 Net change in unrealized appreciation (depreciation) on non-controlled/non-affiliated company investments still held at September 30, 2023 $ 5 Significant Unobservable Inputs The following table presents quantitative information about the significant unobservable inputs of the Company's Level 3 financial instruments. This table is not intended to be all-inclusive but instead capture the significant unobservable inputs relevant to the Company's determination of fair value. September 30, 2023 Range Fair Value Valuation Technique Unobservable Input Low High Weighted Average (1) First lien debt $ 4,680 Discounted cash flows (income approach) Comparative Yield 9.50 % 13.83 % 11.29 % 1,275 Recoverability Collateral Value $ 43.4 mm $ 43.4 mm $ 43.4 mm 5,955 Equity — Market comparable companies (market approach) EBITDA Multiple 14.4 x 14.9 x 14.7 x Total $ 5,955 (1) Weighted averages are calculated based on fair value of investments. The significant unobservable input used in the fair value measurement of the Company's debt securities, excluding investments in asset-backed loans, is the comparative yield which is used to discount the estimated future cash flows expected to be received from the underlying investment, which include both future principal and interest payments. In determining the comparative yield for the income approach, the Company considers current market yields and multiples, weighted average cost of capital, portfolio company performance, leverage levels, credit quality, among other factors, including U.S. federal tax rates, in its analysis. Significant increases (decreases) in the comparative yield in isolation would result in a significantly lower (higher) fair value measurement. The primary significant unobservable input used in the fair value measurement of the Company's investment in asset-backed loans is the net realizable value of the underlying collateral of the loan. The Company considers information provided by the borrower in its compliance certificates and information from third party appraisals, among other factors, in its analysis. Significant increases (decreases) in the net realizable value of the underlying collateral would result in a significantly higher (lower) fair value measurement. Other Financial Assets and Liabilities As of September 30, 2023, the carrying amounts of the Company's other financial instruments, such as cash, receivables and payables, approximate the fair value of such items due to the short maturity of such instruments and would be categorized as Level 3 within the fair value hierarchy. As of September 30, 2023, the carrying amount of the Company's outstanding Credit Facility approximate fair value and would be categorized as Level 3 within the fair value hierarchy. The fair value of the Credit Facility is estimated based upon market interest rates and entities with similar credit risk.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Note 5. Related Party Transactions Investment Advisory Agreement On March 29, 2023, the Company’s Board unanimously approved an investment advisory agreement (the “Advisory Agreement”) and a subadvisory agreement (the “Subadvisory Agreement"), each of which became effective on March 30, 2023. Under the terms of the Advisory Agreement, the Company will pay the Adviser a fee for its services consisting of two components: a management fee and an incentive fee. The cost of both the management fee and the incentive fee will ultimately be borne by the shareholders. The subadvisory fee payable to FEAC will be paid by FEIM out of its investment advisory fee rather than paid separately by the Company. Base management fees and incentive fees began to accrue upon the Commencement of Operations. Base Management Fee The management fee is calculated at an annual rate of 1.25 % of the value of the Company’s net assets as of the beginning of the first calendar day of the applicable month. For services rendered under the Advisory Agreement, the management fee is payable monthly in arrears. Management fees that are payable under the Advisory Agreement for any partial period will be appropriately prorated. For these purposes, “net assets” means the Company’s total assets less liabilities determined on a consolidated basis in accordance with GAAP. For the first calendar month in which the Company had operations, net assets were measured as the beginning net assets as of the Initial Closing. For the three and six months ended September 30, 2023, base management fees representing $ 105 were fully waived (see "Fee Waiver" below). As of September 30, 2023, there were no amounts payable to the Adviser relating to management fees. Incentive Fees The incentive fee consists of two components that are independent of each other, with the result that one component may be payable even if the other is not. A portion of the incentive fee is based on a percentage of income and a portion is based on a percentage of capital gains, each as described below: (i) Incentive Fee Based on Income The portion based on our income is based on Pre-Incentive Fee Net Investment Income Returns. “Pre-Incentive Fee Net Investment Income Returns” means, as the context requires, either the dollar value of, or percentage rate of return on the value of our net assets at the end of the immediate preceding quarter from, interest income, dividend income and any other income (including any other fees (other than fees for providing managerial assistance), such as commitment, origination, structuring, diligence and consulting fees or other fees that we receive from portfolio companies) accrued during the calendar quarter, minus our operating expenses accrued for the quarter (including the management fee, expenses payable under the Administration Agreement entered into between us and the Administrator, and any interest expense or fees on any credit facilities or outstanding debt and dividends paid on any issued and outstanding preferred shares, but excluding the incentive fee and any shareholder servicing and/or distribution fees). Pre-Incentive Fee Net Investment Income Returns include, in the case of investments with a deferred interest feature (such as OID, debt instruments with PIK interest and zero coupon securities), accrued income that the Company has not yet received in cash. Pre-Incentive Fee Net Investment Income Returns do not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation. The impact of expense support payments and recoupments are also excluded from Pre-Incentive Fee Net Investment Income Returns. Pre-Incentive Fee Net Investment Income Returns, expressed as a rate of return on the value of our net assets at the end of the immediate preceding quarter, is compared to a “hurdle rate” of return of 1.25 % per quarter ( 5.0 % annualized). Pre-Incentive Fee Net Investment Income Returns are calculated on a quarterly basis with no look-back period. The Company will pay the Adviser an incentive fee quarterly in arrears with respect to our Pre-Incentive Fee Net Investment Income Returns in each calendar quarter as follows: • No incentive fee based on Pre-Incentive Fee Net Investment Income Returns in any calendar quarter in which our Pre-Incentive Fee Net Investment Income Returns do not exceed the hurdle rate of 1.25 % per quarter ( 5.0 % annualized); • 100% of the dollar amount of our Pre-Incentive Fee Net Investment Income Returns with respect to that portion of such Pre-Incentive Fee Net Investment Income Returns, if any, that exceeds the hurdle rate but is less than a rate of return of 1.43 % ( 5.72 % annualized). The Company refers to this portion of our Pre-Incentive Fee Net Investment Income Returns (which exceeds the hurdle rate but is less than 1.43 %) as the “catch-up”. The “catch-up” is meant to provide the Adviser with approximately 12.5 % of our Pre-Incentive Fee Net Investment Income Returns as if a hurdle rate did not apply if this net investment income exceeds 1.43 % in any calendar quarter; and • 12.5 % of the dollar amount of our Pre-Incentive Fee Net Investment Income Returns, if any, that exceed a rate of return of 1.43% ( 5.72 % annualized). This reflects that once the hurdle rate is reached and the catch-up is achieved, 12.5% of all Pre-Incentive Fee Net Investment Income Returns thereafter are allocated to the Adviser. (ii) Incentive Fee on Capital Gains The second component of the incentive fee, the capital gains incentive fee, is payable at the end of each calendar year in arrears. The amount payable equals 12.5 % of cumulative realized capital gains from inception through the end of such calendar year, computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis, less the aggregate amount of any previously paid incentive fee on capital gains as calculated in accordance with GAAP. For the three and six months ended September 30, 2023, the Company did no t accrue income-based or capital gains incentive fees. Fee Waiver For the twelve months following the Commencement of Operations, the Advisers have agreed to waive all management fees (including incentive fees) and subadvisory fees payable to them under the Advisory Agreement and Subadvisory Agreement (the “Advisory Fee Waiver”). The Advisory Fee Waiver is not revocable during its term and amounts waived pursuant to the Advisory Fee Waiver will not be subject to any right of future recoupment in favor of FEIM and FEAC. Administration Agreement The Company has also entered into an Administration Agreement with FEAC as the Administrator. Under the Administration Agreement, the Administrator performs, or oversees the performance of, administrative services necessary for the operation of the Company, which include, among other things, being responsible for the financial records which the Company is required to maintain and preparing reports to the Company’s shareholders and reports filed with the U.S. Securities and Exchange Commission ("SEC"). In addition, the Administrator assists in determining and publishing the Company’s NAV, oversees the preparation and filing of the Company’s tax returns, oversees the printing and dissemination of reports to the Company’s shareholders, and generally oversees the payment of the Company’s expenses and the performance of administrative and professional services rendered to the Company by others. The Company will reimburse the Administrator for its allocable portion of the costs and expenses incurred by the Administrator for overhead in performance by the Administrator of its duties under the Administration Agreement and the Subadvisory Agreement, including facilities, office equipment, technology costs and the Company’s allocable portion of cost of compensation and related expenses of the Company’s Chief Financial Officer and Chief Compliance Officer and their respective staffs, which may include personnel at FEIM or FEAC, as well as any costs and expenses incurred by the Administrator relating to any administrative or operating services provided by the Administrator to the Company. The Company’s Board reviews the allocation methodologies with respect to such expenses. Under the Administration Agreement, non-investment professionals of the Administrator may provide, on behalf of the Company, managerial assistance to those portfolio companies to which the Company is required to provide such assistance. To the extent that the Company’s Administrator outsources any of its functions, the Company pays the fees associated with such functions on a direct basis without profit to the Administrator. Administrative costs and expenses under the Administration Agreement began to accrue upon the Commencement of Operations. For both the three and six months ended September 30, 2023, the Company incurred administrator expenses of $ 220 . As of September 30, 20 23, $ 220 of administrator expenses were due to the Administrator, which was included in accrued administrator expenses on the Consolidated Statement of Assets and Liabilities.

Borrowings

Borrowings	6 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Borrowings	Note 6. Borrowings In connection with the Company's organization, the Board and the Company's initial shareholder, approved the application of the modified asset coverage requirements set forth in Section 61(a)(2) of the 1940 Act to the Company. As a result of this approval, the Company is permitted to borrow amounts such that its asset coverage ratio, as defined in the 1940 Act, is at least 150 % after such borrowing. As of September 30, 2023, the Company had no outstanding borrowings. SPV Financing Facility On September 22, 2023, First Eagle Private Credit Fund SPV, LLC (the "SPV"), a wholly-owned financing subsidiary of the Company, entered into a $ 350,000 senior secured revolving credit facility (the "Credit Facility") with Morgan Stanley Bank, N.A., as initial lender, certain other lenders from time to time party thereto, Morgan Stanley Senior Funding, Inc., as administrative agent, U.S. Bank Trust Company, National Association, as collateral agent, U.S. Bank National Association, as account bank and collateral custodian, and FEPC Fund Servicer, LLC, a wholly-owned subsidiary of the Company, as servicer under the Credit Facility. The Company's ability to borrow under the Credit Facility is subject to certain financial and restrictive covenants, as well as availability under the borrowing base, which permits the Company to borrow up to 75 % of the principal balance of its eligible portfolio company investments depending on the type of investment, subject to a maximum advance rate on the portfolio of 65 % . Under the terms of the Credit Facility, the SPV is permitted to reinvest available cash and make new borrowings under the Credit Facility through September 22, 2026. The Credit Facility has a minimum utilization requirement of 65 % of the facility amount following a nine-month ramp-up period through the end of the revolving period. Distributions from the SPV to the Company are limited by the terms of the Credit Facility, which generally allows for the distribution of net interest income quarterly pursuant to a waterfall during the reinvestment period. The SPV's obligations under the Credit Facility are secured by a first priority security interest in substantially all of the assets of the SPV, including its portfolio of investments, and the Company's equity interest in the SPV. As of September 30, 2023, there were no investments of the Company that were held in the SPV as collateral for the Credit Facility. As of September 30, 2023, the Company had no outstanding borrowings under the Credit Facility. The Credit Facility has a scheduled maturity date of September 22, 2028 , or earlier in accordance with the terms of the Credit Facility. Borrowings under the Credit Facility bear interest initially at the annual rate of three month term Secured Overnight Financing Rate ("SOFR") plus spread. The initial spread is 3.05 % per annum for term SOFR advances during the revolving period and 3.55 % per annum during the amortization period. Additionally, the SPV pays a fee of 0.15 % per annum on the notional loan amount of $ 350,000 and an unused fee of 0.60 % per annum on any unused portion of the Credit Facility. Components of Interest Expense The components of the Company's interest expense were as follows: For the Three Months Ended September 30, 2023 For the Six Months Ended September 30, 2023 Facility unused fees $ 66 $ 66 Amortization of financing costs 22 22 Total interest expense $ 88 $ 88

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 7. Commitments and Contingencies Unfunded Commitments Unfunded commitments to provide funds to portfolio companies are not reflected on the Company's Consolidated Statement of Assets and Liabilities. The Company's unfunded commitments may be significant from time to time. These commitments will be subject to the same underwriting and ongoing portfolio maintenance as are the on-balance sheet financial instruments that the Company holds. Since these commitments may expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements. The Company intends to use cash flow from normal and early principal repayments and proceeds from borrowings to fund these commitments. As of September 30, 2023, the Company has the following unfunded commitments to portfolio companies: September 30, 2023 Investments—non-controlled/non-affiliated Commitment Type Commitment Unfunded Fair Delayed Draw Elevate HD Parent, Inc. Delayed Draw 2/18/2024 $ 133 $ 2 Elevate HD Parent, Inc. Delayed Draw 2/18/2025 534 $ — Housework Holdings Delayed Draw 12/15/2028 503 $ ( 3 ) Revolver Acumera, Inc. Revolver 6/7/2028 $ 62 $ ( 10 ) Air Conditioning Specialist, Inc. Revolver 11/9/2026 $ 6 $ 23 Elevate HD Parent, Inc. Revolver 8/20/2029 $ 200 $ ( 5 ) Housework Holdings Revolver 12/15/2028 $ 178 $ 11 Total Unfunded Commitments $ 1,616 $ 18 Legal Proceedings From time to time, the Company, or the Advisers, may become party to legal proceedings in the ordinary course of business, including proceedings related to the enforcement of the Company's rights under contracts with its portfolio companies. Neither the Company, nor the Advisers, is currently subject to any material legal proceedings.

Net Assets

Net Assets	6 Months Ended
	Sep. 30, 2023
Schedule of Investments [Abstract]
Net Assets	Note 8. Net Assets Share Issuances In connection with its formation, the Company has the authority to issue an unlimited number of Common Shares. The following table summarizes the issuance of shares during the six months ended September 30, 2023: Share Issuance Date Number of Aggregate April 28, 2023 4,000 $ 100 July 10, 2023 2,052,000 $ 51,300 Total 2,056,000 $ 51,400 The sales of Common Shares were made pursuant to subscription agreements entered into by the Company and its investors. Under the terms of the subscription agreements, investors are required to fund drawdowns to purchase Common Shares up to the amount of their respective capital commitments on an as-needed basis with a minimum of ten calendar days prior notice to the funding date. As of September 30, 2023 , the Company has received capital commitments totaling $ 252,600 , of which $ 201,300 remained uncalled. Share Repurchase Program Beginning no later than the first full calendar quarter after the first anniversary of the Initial Closing, and at the discretion of the Board, the Company intends to commence a share repurchase program in which it intends to offer to repurchase, in each quarter, up to 5 % of its Common Shares outstanding (either by number of shares or aggregate NAV) as of the close of the last calendar day of the applicable quarter. The Board may amend or suspend the share repurchase program at any time if in its reasonable judgment it deems such action to be in the Company’s best interest and the best interest of its shareholders. As a result, share repurchases may not be available each quarter, such as when a repurchase offer would place an undue burden on the Company's liquidity, adversely affect its operations or risk having an adverse impact on the Company that would outweigh the benefit of the repurchase offer. Following any such suspension, the Board intends to reinstate the share repurchase program when appropriate and subject to our Board's duties to the Company. The Company intends to conduct such repurchase offers in accordance with the requirements of Rule 13e-4 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the 1940 Act. All Common Shares purchased by us pursuant to the terms of each tender offer will be retired and thereafter will be authorized and unissued Common Shares. Under the Company’s share repurchase program, to the extent the Company offers to repurchase Common Shares in any particular quarter, the Company expects to repurchase Common Shares pursuant to quarterly tender offers (such date of the offer, the “Repurchase Date”) using a purchase price equal to the NAV per share as of the close of the last calendar day of the applicable quarter, except that Common Shares that have not been outstanding for at least one year will be repurchased at 98 % of such NAV (an “Early Repurchase Deduction”). The one-year holding period is measured as of the prospective repurchase date. The Early Repurchase Deduction will be retained by the Company for the benefit of remaining shareholders.

Financial Highlights

Financial Highlights	6 Months Ended
	Sep. 30, 2023
Investment Company, Financial Highlights [Abstract]
Schedule of Financial Highlights	Note 9. Financial Highlights The following is a schedule of financial highlights for the six month ended September 30, 2023: For the Six Months Ended September 30, 2023 Per Share Data: Net assets, beginning of period $ — Net investment income (loss) (1) ( 1.56 ) Net increase (decrease) in net assets resulting from operations (1) ( 1.56 ) Distributions declared from net investment income — Issuance of shares 25.00 Other (2) 0.73 Total increase (decrease) in net assets 24.17 Net assets, end of period $ 24.17 Shares outstanding, end of period 2,056,000 Total return based on NAV (3) ( 3.32 )% Ratios: Net expenses to average assets (4) 16.61 % Net investment income to average net assets (4) ( 10.62 )% Portfolio turnover rate (5) 0.47 % Supplemental Data: Net assets, end of period $ 49,694 Total capital commitments, end of period $ 252,600 Ratios of total contributed capital to total committed capital, end of period 20.31 % Average debt outstanding (6) $ — Asset coverage ratio (6) — (1) The per share data was derived by using the weighted average shares outstanding during the period. (2) Includes the impact of different share amounts used in calculating per share data as a result of calculating certain per share data based on weighted average shares outstanding during the period and certain per share data based on shares outstanding as of a period end or transaction date. (3) Total return is calculated as the change in net asset value (“NAV”) per share during the period, plus distributions per share, if any, divided by the beginning NAV per share. Dividends and distributions, if any, are assumed for purposes of this calculation to be reinvested at the quarter end NAV per share preceding the distribution. Return calculations are not annualized. (4) For the six months ended September 30, 2023, amounts are annualized except for organizational costs, excise tax, and management fee and income based incentive fee waivers by the Adviser, if any. For the six months ended September 30, 2023, the ratio of total operating expenses to average net assets was 17.04 %, on an annualized basis, excluding the effect of management fee and income based incentive fee waivers by the Adviser, if any, which represented 0.43 % of average assets. (5) Portfolio turnover rate is calculated using the lesser of year-to-date sales or year-to-date purchases over the average of the invested assets at fair value for the periods reported. Ratio is not annualized. (6) As of September 30, 2023, the Company had no debt outstanding.

Subsequent Events

Subsequent Events	6 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
Subsequent Events (TBU)	Note 10. Subsequent Events There have been no subsequent events that occurred during such period that would require disclosure in, or would be required to be recognized in, the financial statements as of September 30, 2023 except as discussed below. Pursuant to a capital drawdown notice to its investors, the Company issued and sold 8,310,798 Common Shares on October 6, 2023 for an aggregate offering price of $ 201,300 . After the capital drawdown, the Company had $ 0 in unfunded commitments.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Company is an investment company following the accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services—Investment Companies. The Company’s first fiscal period will end on December 31, 2023. The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP") and pursuant to the requirements for reporting on Form 10-Q and Article 10 of Regulation S-X. Accordingly, certain disclosures accompanying annual financial statements prepared in accordance with GAAP are omitted. In the opinion of management, the unaudited financial results included herein contain all adjustments, consisting solely of normal accruals, considered necessary for the fair statement of financial statements for the interim period included herein. The current period's results of operations are not necessarily indicative of the operating results to be expected for the period ending December 31, 2023. The Company had no net assets as of December 31, 2022. As a result, comparative consolidated statements of assets and liabilities, consolidated statements of operations, consolidated statements of changes in net assets and consolidated statements of cash flows are not presented. As an emerging growth company, we intend to take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards.
Consolidation	Consolidation As provided under ASC Topic 946, Financial Services—Investment Companies, the Company generally will not consolidate its investment in a company other than substantially owned investment company subsidiaries or a controlled operating company whose business consists of providing services to the Company.
Use of Estimates	Use of Estimates The preparation of the Company's financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates and such differences could be material.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of demand deposits and highly liquid investments, such as money market funds, with original maturities of three months or less. Cash and cash equivalents are carried at cost, which approximates fair value. The Company's cash and cash equivalents are held with a financial institution and, at times, may exceed the Federal Deposit Insurance Corporation insured limit.
Investments	Investments Investment transactions are recorded on a trade date basis. Realized gains or losses are measured by the difference between the net proceeds received (excluding prepayment fees, if any) and the amortized cost basis of the investment using the specific identification method without regard to unrealized gains or losses previously recognized, and include investments charged off during the period, net of recoveries, and is recorded within net realized gain (loss) on the Consolidated Statement of Operations. The net change in unrealized gains or losses primarily reflects the change in investment values, including the reversal of previously recorded unrealized gains or losses with respect to investments realized during the period, and is recorded within net unrealized appreciation (depreciation) on the Consolidated Statement of Operations.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company applies fair value to its portfolio investments in accordance with ASC Topic 820— Fair Value Measurements and Disclosures ("ASC Topic 820"). ASC Topic 820 defines fair value, establishes a framework used to measure fair value, and requires disclosures for fair value measurements, including the categorization of financial instruments into a three-level hierarchy based on the transparency of valuation inputs. ASC Topic 820 also requires disclosure of the fair value of financial instruments for which it is practical to estimate such value. Refer to Note 4—" Fair Value Measurements" for further discussion regarding fair value measurements and hierarchy.
Revenue Recognition	Revenue Recognition Interest Income Interest income, adjusted for amortization of premium and accretion of discount, is recorded on an accrual basis to the extent that the Company expects to collect such amounts. Discounts from and premiums to par value on debt investments, loan origination fees and upfront fees received that are deemed to be an adjustment to yield are accreted/amortized into interest income over the life of the respective security using the effective interest method. The amortized cost of debt investments represents the original cost, including loan origination fees and upfront fees, adjusted for the accretion of discounts and amortization of premiums, if any. Upon prepayment of a loan or debt security, any prepayment premiums, unamortized upfront loan origination fees and unamortized discounts are recorded as interest income in the current period. The Company will recognize any earned exit or back-end fees into income when it believes the amounts will ultimately become collected by using either the beneficial interest model or other appropriate income recognition frameworks. The Company had $ 65 of interest income during the three and six months ended September 30, 2023. PIK Income The Company may have investments in its portfolio which contain a contractual paid-in-kind ("PIK"), interest provision. PIK interest is computed at the contractual rate specified in each investment agreement, is added to the principal balance of the investment, and is recorded as income. The Company will cease accruing PIK interest if there is insufficient value to support the accrual or if the Company does not expect amounts to be collectible and will generally only begin to recognize PIK income again when all principal and interest have been paid or upon the restructuring of the investment where the interest is deemed collectible. To maintain the Company's status as a RIC, PIK interest income, which is considered investment company taxable income, may be required to be paid out to shareholders in the form of dividends even though the Company has not yet collected the cash. Amounts necessary to pay these dividends may come from available cash. The Company did not have any PIK investments during the three and six months ended September 30, 2023. Dividend Income Dividend income on preferred equity investments is recorded on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity investments is recorded on the record date for private portfolio companies and on the ex-dividend date for publicly traded portfolio companies. Distributions received from a limited liability company or limited partnership investment are evaluated to determine if the distribution should be recorded as dividend income or a return of capital. The Company had $ 563 of dividend income during the three and six months ended September 30, 2023. Other Income The Company may also generate revenue in the form of structuring, arranger or due diligence fees, amendment or consent fees, portfolio company administration fees, fees for providing significant managerial assistance and consulting fees. Such fees are recognized as income when earned or the services are rendered. The Company had $ 3 of other income during the three and six months ended September 30, 2023. Non-Accrual Loans are placed on non-accrual status when there is reasonable doubt whether principal or interest payments will be collected in full. The Company records the reversal of any previously accrued income against the same income category reflected in the Consolidated Statement of Operations. Additionally, any original issue discount ("OID") and market discount are no longer accreted to interest income as of the date the loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management's judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest is paid current and, in management's judgment, are likely to remain current. However, the Company may make exceptions to this policy if the loan has sufficient collateral value and is in the process of collection. As of September 30, 2023, the Company had no loans on non-accrual status.
Organization and Offering Expenses	Organization and Offering Expenses Costs associated with the organization of the Company are expensed as incurred. These expenses consist primarily of legal fees and other costs of organizing the Company. Costs associated with the offering of Common Shares of the Company are capitalized as deferred offering costs on the Consolidated Statement of Assets and Liabilities and amortized over a twelve-month period from the later of the Commencement of Operations or the date of incurrence. These expenses consist primarily of legal fees and other costs incurred in connection with the Company's continuous private offering.
Deferred Financing Costs	Deferred Financing Costs Deferred financing costs consist of fees and expenses paid in connection with the closing and amendments of the Credit Facility (as defined in Note 6 hereto), including legal, accounting, and other related expenses. These costs are capitalized at the time of payment and are amortized using the straight line method over the term of the Credit Facility. Under the Credit Facility, if the borrowing capacity of a new arrangement is lower than the borrowing capacity of the old arrangement, evaluated on a lender by lender basis, then any unamortized deferred financing costs would be expensed during the period in proportion to the decrease in the old arrangement for that lender. Any remaining unamortized deferred financing costs relating to the old arrangement would be deferred and amortized over the term of the new arrangement along with any costs associated with the new arrangement. Capitalized deferred financing costs related to the Credit Facility are presented separately on the Company's Consolidated Statement of Assets and Liabilities. Refer to Note 6—"Borrowings" for additional information.
U.S. Federal Income Taxes, Including Excise Tax	U.S. Federal Income Taxes, Including Excise Tax The Company has elected to be regulated as a BDC under the 1940 Act. In addition, the Company intends to elect to be treated as a RIC under Subchapter M of the Code, and expects to qualify as a RIC annually thereafter. So long as the Company maintains its status as a RIC, it generally will not pay corporate-level U.S. federal income taxes on any ordinary income or capital gains that it distributes at least annually to its shareholders as dividends. Rather, any tax liability related to income earned and distributed by the Company would represent obligations of the Company’s investors and would not be reflected in the financial statement of the Company. The Company evaluates tax positions taken or expected to be taken in the course of preparing its financial statement to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, ongoing analyses of tax laws, regulations and interpretations thereof. To qualify for and maintain qualification as a RIC, the Company must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Company must distribute to its shareholders, for each taxable year, at least 90 % of the sum of (i) its investment company taxable income, as defined by the Code but determined without regard to the deduction for dividends paid, and (ii) its net tax-exempt income for such taxable year. In addition, based on the excise tax distribution requirements, the Company is subject to a 4 % nondeductible federal excise tax on undistributed earnings unless the Company distributes in a timely manner in each calendar year an amount at least equal to the sum of (1) 98 % of its ordinary income for the calendar year, (2) 98.2 % of its capital gain net income (both long-term and short-term, and adjusted for certain ordinary losses) for the one-year period generally ending October 31 of that calendar year and (3) any income realized, but not distributed, in prior years. For this purpose, however, any ordinary income or capital gain net income retained by the Company that is subject to corporate income tax is considered to have been distributed. Although the Company currently intends to make the required distributions to avoid the application of the 4 % U.S. federal excise tax, the Company may also decide to retain taxable income in excess of current year dividend distributions and to pay any applicable excise tax on such undistributed incom
Distributions	Distributions The Company intends to make monthly distributions to its shareholders. Distributions to shareholders are recorded on the record date. All distributions will be paid at the discretion of the Company's board of trustees (the "Board"), considering factors such as the Company's earnings, cash flows, capital and liquidity needs and general financial condition and the requirements of Delaware law.

Investments (Tables)

Investments (Tables)	6 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of the Composition of the Company's Investment Portfolio at Cost and Fair Value	The following is a summary of the composition of the Company's investment portfolio at cost and fair value as of September 30, 2023: Amortized Cost Fair Value % of Total Investments at Fair Value First lien loan $ 5,951 $ 5,955 100.00 % Total investments $ 5,951 $ 5,955 100.00 %
Schedule of the Company' Investment on the Basis of Industry Classifications	The following is a summary of the industry classifications in which the Company invests as of September 30, 2023: Amortized Cost Fair Value % of Total Investments at Fair Value Fair Value as % of Net Assets Diversified Consumer Services $ 1,507 $ 1,526 25.62 % 3.07 % Health Care Providers & Services 1,642 1,628 27.34 3.27 Household Durables 567 567 9.52 1.14 IT Services 959 959 16.11 1.93 Textiles, Apparel, & Luxury Goods 1,276 1,275 21.41 2.57 Total $ 5,951 $ 5,955 100.00 % 11.98 %
Schedule of the Company' Investment on the Basis of Geographical Concentrations	The following is a summary of the geographical concentration of the Company's investment portfolio as of September 30, 2023: Amortized Cost Fair Value % of Total Investments at Fair Value Fair Value as % of Net Assets Southwest $ 959 $ 959 16.10 % 1.93 % Southeast 567 567 9.52 1.14 Midwest 974 964 16.19 1.94 West 1,507 1,526 25.63 3.07 Northeast 1,944 1,939 32.56 3.90 Total $ 5,951 $ 5,955 100.00 % 11.98 %

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Summary of investment portfolio at cost and fair value	The following is a summary of the composition of the Company's investment portfolio at cost and fair value as of September 30, 2023: September 30, 2023 Level 1 Level 2 Level 3 Total First Lien Loan $ — $ — $ 5,955 $ 5,955 Total Investments $ — $ — $ 5,955 $ 5,955 Percentage of Total 0.00 % 0.00 % 100.00 % 100.00 %
Summary of reconciliation of the beginning and ending balances for investments at fair value that use Level 3 inputs	The following table provides a reconciliation of the beginning and ending balances for investments at fair value that use Level 3 inputs for the three and six months ended September 30, 2023: Three and Six Months Ended September 30, 2023 First Lien Loan Fair value, beginning of period $ — Purchase of investments (including PIK) 5,962 Proceeds from principal repayments and sales of investments ( 14 ) Amortization of premium/accretion of discount, net 2 Net realized gain (loss) on investments — Net change in unrealized appreciation (depreciation) on investments 5 Fair value, end of period $ 5,955 Net change in unrealized appreciation (depreciation) on non-controlled/non-affiliated company investments still held at September 30, 2023 $ 5
Summary of quantitative information about the significant unobservable inputs of the Company's Level 3 financial instruments	The following table presents quantitative information about the significant unobservable inputs of the Company's Level 3 financial instruments. This table is not intended to be all-inclusive but instead capture the significant unobservable inputs relevant to the Company's determination of fair value. September 30, 2023 Range Fair Value Valuation Technique Unobservable Input Low High Weighted Average (1) First lien debt $ 4,680 Discounted cash flows (income approach) Comparative Yield 9.50 % 13.83 % 11.29 % 1,275 Recoverability Collateral Value $ 43.4 mm $ 43.4 mm $ 43.4 mm 5,955 Equity — Market comparable companies (market approach) EBITDA Multiple 14.4 x 14.9 x 14.7 x Total $ 5,955 (1) Weighted averages are calculated based on fair value of investments.

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of Components of Interest Expense	Components of Interest Expense The components of the Company's interest expense were as follows: For the Three Months Ended September 30, 2023 For the Six Months Ended September 30, 2023 Facility unused fees $ 66 $ 66 Amortization of financing costs 22 22 Total interest expense $ 88 $ 88

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of unfunded commitments	Unfunded commitments to provide funds to portfolio companies are not reflected on the Company's Consolidated Statement of Assets and Liabilities. The Company's unfunded commitments may be significant from time to time. These commitments will be subject to the same underwriting and ongoing portfolio maintenance as are the on-balance sheet financial instruments that the Company holds. Since these commitments may expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements. The Company intends to use cash flow from normal and early principal repayments and proceeds from borrowings to fund these commitments. As of September 30, 2023, the Company has the following unfunded commitments to portfolio companies: September 30, 2023 Investments—non-controlled/non-affiliated Commitment Type Commitment Unfunded Fair Delayed Draw Elevate HD Parent, Inc. Delayed Draw 2/18/2024 $ 133 $ 2 Elevate HD Parent, Inc. Delayed Draw 2/18/2025 534 $ — Housework Holdings Delayed Draw 12/15/2028 503 $ ( 3 ) Revolver Acumera, Inc. Revolver 6/7/2028 $ 62 $ ( 10 ) Air Conditioning Specialist, Inc. Revolver 11/9/2026 $ 6 $ 23 Elevate HD Parent, Inc. Revolver 8/20/2029 $ 200 $ ( 5 ) Housework Holdings Revolver 12/15/2028 $ 178 $ 11 Total Unfunded Commitments $ 1,616 $ 18

Net Assets (Tables)

Net Assets (Tables)	6 Months Ended
	Sep. 30, 2023
Schedule of Investments [Abstract]
Schedule of the issuance of shares	The following table summarizes the issuance of shares during the six months ended September 30, 2023: Share Issuance Date Number of Aggregate April 28, 2023 4,000 $ 100 July 10, 2023 2,052,000 $ 51,300 Total 2,056,000 $ 51,400

Financial Highlights (Tables)

Financial Highlights (Tables)	6 Months Ended
	Sep. 30, 2023
Investment Company, Financial Highlights [Abstract]
Schedule of Financial Highlights	The following is a schedule of financial highlights for the six month ended September 30, 2023: For the Six Months Ended September 30, 2023 Per Share Data: Net assets, beginning of period $ — Net investment income (loss) (1) ( 1.56 ) Net increase (decrease) in net assets resulting from operations (1) ( 1.56 ) Distributions declared from net investment income — Issuance of shares 25.00 Other (2) 0.73 Total increase (decrease) in net assets 24.17 Net assets, end of period $ 24.17 Shares outstanding, end of period 2,056,000 Total return based on NAV (3) ( 3.32 )% Ratios: Net expenses to average assets (4) 16.61 % Net investment income to average net assets (4) ( 10.62 )% Portfolio turnover rate (5) 0.47 % Supplemental Data: Net assets, end of period $ 49,694 Total capital commitments, end of period $ 252,600 Ratios of total contributed capital to total committed capital, end of period 20.31 % Average debt outstanding (6) $ — Asset coverage ratio (6) — (1) The per share data was derived by using the weighted average shares outstanding during the period. (2) Includes the impact of different share amounts used in calculating per share data as a result of calculating certain per share data based on weighted average shares outstanding during the period and certain per share data based on shares outstanding as of a period end or transaction date. (3) Total return is calculated as the change in net asset value (“NAV”) per share during the period, plus distributions per share, if any, divided by the beginning NAV per share. Dividends and distributions, if any, are assumed for purposes of this calculation to be reinvested at the quarter end NAV per share preceding the distribution. Return calculations are not annualized. (4) For the six months ended September 30, 2023, amounts are annualized except for organizational costs, excise tax, and management fee and income based incentive fee waivers by the Adviser, if any. For the six months ended September 30, 2023, the ratio of total operating expenses to average net assets was 17.04 %, on an annualized basis, excluding the effect of management fee and income based incentive fee waivers by the Adviser, if any, which represented 0.43 % of average assets. (5) Portfolio turnover rate is calculated using the lesser of year-to-date sales or year-to-date purchases over the average of the invested assets at fair value for the periods reported. Ratio is not annualized. (6) As of September 30, 2023, the Company had no debt outstanding.

Organization (Additional Inform

Organization (Additional Information) (Details) - $ / shares	6 Months Ended
	Sep. 30, 2023	Jun. 30, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Percentage of Total	11.98%	80%
Common stock, par value	$ 0.001	$ 0.001
Common shares of beneficial interest per share		$ 25
Asset coverage ratio	150%
Adviser purchased common shares	4,000

Significant Accounting Polici_3

Significant Accounting Policies (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
Significant Accounting Policies [Line Items]
Net assets	$ 49,694		$ 49,694	$ 0
interest income	65		65
Dividend income	563		563
Other Income	3		3
Interest Income			0
Non Accural Loans			0
Net increase (decrease) in net assets resulting from operations	$ (448)	$ (1,258)	$ (1,706)
Nondeductible federal excise tax on undistributed earnings			4%
federal excise tax			4%
Minimum ordinary income distribution percentage			98%
Minimum capital gain distribution percentage			98.20%
Minimum [Member]
Significant Accounting Policies [Line Items]
Investment company taxable income percentage			90%

Investments - Summary of Compan

Investments - Summary of Company's Investment Portfolio at Cost and Fair Value (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Schedule of Investments [Line Items]
Amortized Cost	$ 5,951
Fair Value	$ 5,955
% of Total Investments at Fair Value	100%
First lien loan
Schedule of Investments [Line Items]
Amortized Cost	$ 5,951
Fair Value	$ 5,955
% of Total Investments at Fair Value	100%

Investments - Summary of Comp_2

Investments - Summary of Company's Investments in Industry Classifications (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Schedule of Investments [Line Items]
Amortized Cost	$ 5,951
Fair Value	$ 5,955
% of Total Investments at Fair Value	100%
Fair Value as % of Net Assets	11.98%	80%
Diversified Consumer Services
Schedule of Investments [Line Items]
Amortized Cost	$ 1,507
Fair Value	$ 1,526
% of Total Investments at Fair Value	25.62%
Fair Value as % of Net Assets	3.07%
Health Care Providers & Services
Schedule of Investments [Line Items]
Amortized Cost	$ 1,642
Fair Value	$ 1,628
% of Total Investments at Fair Value	27.34%
Fair Value as % of Net Assets	3.27%
Household Durables
Schedule of Investments [Line Items]
Amortized Cost	$ 567
Fair Value	$ 567
% of Total Investments at Fair Value	9.52%
Fair Value as % of Net Assets	1.14%
IT Services
Schedule of Investments [Line Items]
Amortized Cost	$ 959
Fair Value	$ 959
% of Total Investments at Fair Value	16.11%
Fair Value as % of Net Assets	1.93%
Textiles, Apparel, & Luxury Goods
Schedule of Investments [Line Items]
Amortized Cost	$ 1,276
Fair Value	$ 1,275
% of Total Investments at Fair Value	21.41%
Fair Value as % of Net Assets	2.57%

Investments - Summary of Comp_3

Investments - Summary of Company's Investment Portfolio on Basis of Geographical Concentration (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023
Schedule of Investments [Line Items]
Amortized Cost	$ 5,951
Fair Value	$ 5,955
% of Total Investments at Fair Value	100%
Fair Value as % of Net Assets	11.98%	80%
Southwest
Schedule of Investments [Line Items]
Amortized Cost	$ 959
Fair Value	$ 959
% of Total Investments at Fair Value	16.10%
Fair Value as % of Net Assets	1.93%
Southeast
Schedule of Investments [Line Items]
Amortized Cost	$ 567
Fair Value	$ 567
% of Total Investments at Fair Value	9.52%
Fair Value as % of Net Assets	1.14%
Midwest
Schedule of Investments [Line Items]
Amortized Cost	$ 974
Fair Value	$ 964
% of Total Investments at Fair Value	16.19%
Fair Value as % of Net Assets	1.94%
West
Schedule of Investments [Line Items]
Amortized Cost	$ 1,507
Fair Value	$ 1,526
% of Total Investments at Fair Value	25.63%
Fair Value as % of Net Assets	3.07%
Northeast
Schedule of Investments [Line Items]
Amortized Cost	$ 1,944
Fair Value	$ 1,939
% of Total Investments at Fair Value	32.56%
Fair Value as % of Net Assets	3.90%

Investments (Additional Informa

Investments (Additional Information) (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Investments, Debt and Equity Securities [Abstract]
Loans on Non Accrual Status	$ 0
Rate of Performing Debt Investment at Floting Rate	100%

Fair Value Measurements - Summa

Fair Value Measurements - Summary of investment portfolio at cost and fair value (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	$ 5,955
Percentage of Total	100%
First lien loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	$ 5,955
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Percentage of Total	0%
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Percentage of Total	0%
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	$ 5,955
Percentage of Total	100%
Level 3 | First lien loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments	$ 5,955

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of reconciliation of the beginning and ending balances for investments at fair value that use Level 3 inputs (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Purchase of investments (including PIK)		$ (5,962)
Proceeds from principal repayments and sales of investments		14
Net accretion of discount and amortization of premium		(2)
Net realized gain (loss) on investments
Net change in unrealized appreciation (depreciation) on investments	(5)	(5)
Fair value, end of period	5,955	5,955
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, beginning of period		0
Purchase of investments (including PIK)		5,962
Proceeds from principal repayments and sales of investments		(14)
Net accretion of discount and amortization of premium		2
Net realized gain (loss) on investments		0
Net change in unrealized appreciation (depreciation) on investments		5
Fair value, end of period	5,955	5,955
Net change in unrealized appreciation (depreciation) on non-controlled/non-affiliated company investments still held at September 30, 2023	$ 5	$ 5

Fair Value Measurements - Sum_3

Fair Value Measurements - Summary of quantitative information about the significant unobservable inputs of the Company's Level 3 financial instruments (Details) $ in Thousands	Sep. 30, 2023 USD ($) Measurement
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total Investments	$ 5,955
First lien loan
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total Investments	5,955
Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total Investments	5,955
Level 3 | First lien loan
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total Investments	$ 5,955
Level 3 | Maximum [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value inputs, discount rate | Measurement	43.4
Level 3 | Minimum [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value inputs, discount rate | Measurement	43.4
Level 3 | Weighted Average [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value inputs, discount rate | Measurement	43.4	[1]
Discounted cash flows [Member] | Level 3 | First lien loan
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total Investments	$ 4,680
Discounted cash flows [Member] | Level 3 | Maximum [Member] | First lien loan
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value inputs, discount rate	0.1383
Discounted cash flows [Member] | Level 3 | Minimum [Member] | First lien loan
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value inputs, discount rate	0.095
Discounted cash flows [Member] | Level 3 | Weighted Average [Member] | First lien loan
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value inputs, discount rate	0.1129	[1]
Recoverability [Member] | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total Investments	$ 1,275
Market comparable companies [Member] | Level 3 | Equity
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total Investments	$ 0
Market comparable companies [Member] | Level 3 | Maximum [Member] | Equity
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value inputs, discount rate | Measurement	14.9
Market comparable companies [Member] | Level 3 | Minimum [Member] | Equity
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value inputs, discount rate | Measurement	14.4
Market comparable companies [Member] | Level 3 | Weighted Average [Member] | Equity
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value inputs, discount rate | Measurement	14.7	[1]
[1] Weighted averages are calculated based on fair value of investments.

Related Party Transactions (Add

Related Party Transactions (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Base management fee percentage		1.25%
Management Fee Waived	$ 105	$ 105
Administrator expenses	220	220
Accrued Administration Expense	220	220
Income Based Incentive Fees	0	0
Capital Gains Incentive Fees	0	$ 0
Catch-up provision percentage of pre incentive net investment income on quarterly basis		1.25%
Catch-up provision percentage of pre incentive net investment income annualized			5%
Incentive fee based on income description		100% of the dollar amount of our Pre-Incentive Fee Net Investment Income Returns with respect to that portion of such Pre-Incentive Fee Net Investment Income Returns, if any, that exceeds the hurdle rate but is less than a rate of return of 1.43% (5.72% annualized). The Company refers to this portion of our Pre-Incentive Fee Net Investment Income Returns (which exceeds the hurdle rate but is less than 1.43%) as the “catch-up”. The “catch-up” is meant to provide the Adviser with approximately 12.5% of our Pre-Incentive Fee Net Investment Income Returns as if a hurdle rate did not apply if this net investment income exceeds 1.43% in any calendar quarter; and•12.5% of the dollar amount of our Pre-Incentive Fee Net Investment Income Returns, if any, that exceed a rate of return of 1.43% (5.72% annualized). This reflects that once the hurdle rate is reached and the catch-up is achieved, 12.5% of all Pre-Incentive Fee Net Investment Income Returns thereafter are allocated to the Adviser.
Percentage of incentive fee on capital gains		12.50%
Adviser
Related Party Transaction [Line Items]
Management Fee Payable	$ 0	$ 0
Catch-up provision percentage of pre incentive net investment income on quarterly basis		12.50%
Maximum [Member] | Incentive Fee on Ordinary Income
Related Party Transaction [Line Items]
Catch-up provision percentage of pre incentive net investment income on quarterly basis		1.25%
Catch-up provision percentage of pre incentive net investment income annualized		5%
Maximum [Member] | Adviser
Related Party Transaction [Line Items]
Catch-up provision percentage of pre incentive net investment income on quarterly basis		1.43%
Minimum [Member] | Incentive Fee on Ordinary Income
Related Party Transaction [Line Items]
Catch-up provision percentage of pre incentive net investment income on quarterly basis		1.43%
Catch-up provision percentage of pre incentive net investment income annualized		5.72%

Share Repurchase Program - Addi

Share Repurchase Program - Additional Information (Details)	6 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Maximum percentage of common shares outstanding intends to offer to repurchase	5%
Percentage of common shares repurchased at net asset value	98%

Borrowings (Additional Informat

Borrowings (Additional Information) (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2023	Sep. 22, 2023
Line of Credit Facility [Line Items]
Asset coverage ratio	150%
Line of Credit Facility, Borrowing Capacity, Description	The Company's ability to borrow under the Credit Facility is subject to certain financial and restrictive covenants, as well as availability under the borrowing base, which permits the Company to borrow up to 75% of the principal balance of its eligible portfolio company investments depending on the type of investment, subject to a maximum advance rate on the portfolio of 65%.
Line of Credit Facility Maximum Borrowing Capacity on Principal Balance	75%
Interest rate on Maximum Borrowings Capicity	65%
Debt Instrument Maturity Date	Sep. 22, 2028
Interest rate during the amortization period	3.55%
Debt Instrument Fee Percentage	0.15%
Notional loan amount	$ 350,000
Unused fee percentage on borrowings	0.60%
SOFR [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.05%
Revolving Credit Facility [Member] | Morgan Stanley Bank [Member]
Line of Credit Facility [Line Items]
Senior Secured Revolving Credit Facility		$ 350,000
Credit Facility Member
Line of Credit Facility [Line Items]
Outstanding borrowings	$ 0
Credit Facility Member | Minimum [Member]
Line of Credit Facility [Line Items]
Minimum utilization of facility amount, percentage	65%

Borrowings - Schedule of Compon

Borrowings - Schedule of Components of Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Debt Disclosure [Abstract]
Facility unused fees	$ 66	$ 66
Amortization of financing costs	22	22
Total interest expense	$ 88	$ 88

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Total costs	$ 1,189	$ 2,447
Organization costs	116	1,156
Professional fees	259	321
Other general and administrative expenses	$ 112	$ 182

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of principal repayments and proceeds from borrowings (Details) $ in Thousands	6 Months Ended
	Sep. 30, 2023 USD ($)
Loss Contingencies [Line Items]
Fair Value	$ 5,955
Unfunded Loan Commitment [Member]
Loss Contingencies [Line Items]
Unfunded Commitment	1,616
Fair Value	$ 18
Unfunded Loan Commitment [Member] | Delayed Draw [Member] | Elevate HD Parent, Inc. [Member]
Loss Contingencies [Line Items]
Commitment Type	Delayed Draw
Commitment Expiration Date	Feb. 18, 2024
Unfunded Commitment	$ 133
Fair Value	$ 2
Unfunded Loan Commitment [Member] | Delayed Draw [Member] | Elevate HD Parent [Member]
Loss Contingencies [Line Items]
Commitment Type	Delayed Draw
Commitment Expiration Date	Feb. 18, 2025
Unfunded Commitment	$ 534
Fair Value	$ 0
Unfunded Loan Commitment [Member] | Delayed Draw [Member] | Housework Holdings [Member]
Loss Contingencies [Line Items]
Commitment Type	Delayed Draw
Commitment Expiration Date	Dec. 15, 2028
Unfunded Commitment	$ 503
Fair Value	$ (3)
Unfunded Loan Commitment [Member] | Revolver [Member] | Elevate HD Parent, Inc. [Member]
Loss Contingencies [Line Items]
Commitment Type	Revolver
Commitment Expiration Date	Aug. 20, 2029
Unfunded Commitment	$ 200
Fair Value	$ (5)
Unfunded Loan Commitment [Member] | Revolver [Member] | Housework Holdings [Member]
Loss Contingencies [Line Items]
Commitment Type	Revolver
Commitment Expiration Date	Dec. 15, 2028
Unfunded Commitment	$ 178
Fair Value	$ 11
Unfunded Loan Commitment [Member] | Revolver [Member] | Acumera, Inc. [Member]
Loss Contingencies [Line Items]
Commitment Type	Revolver
Commitment Expiration Date	Jun. 07, 2028
Unfunded Commitment	$ 62
Fair Value	$ (10)
Unfunded Loan Commitment [Member] | Revolver [Member] | Air Conditioning Specialist, Inc. [Member]
Loss Contingencies [Line Items]
Commitment Type	Revolver
Commitment Expiration Date	Nov. 09, 2026
Unfunded Commitment	$ 6
Fair Value	$ 23

Net Assets (Additional Informat

Net Assets (Additional Information) (Details) $ in Thousands	6 Months Ended
	Sep. 30, 2023 USD ($)
Schedule of Investments [Line Items]
Capital commitments total	$ 252,600
Remain unfunded	$ 201,300
Maximum Percentage of Common Shares Outstanding Intends to offer to Repurchase	5%
Percentage of Common Shares Repurchased at Net Asset Value	98%

Net Assets - Schedule of the is

Net Assets - Schedule of the issuance of shares (Details) - USD ($) $ in Thousands			6 Months Ended
	Jul. 10, 2023	Apr. 28, 2023	Sep. 30, 2023
Schedule of Investments [Line Items]
Stock Issued During Period, Shares, New Issues	2,052,000	4,000	2,056,000
Proceeds from Issuance Initial Public Offering	$ 51,300	$ 100	$ 51,400

Financial Highlights - Schedule

Financial Highlights - Schedule of Financial Highlights (Details) - USD ($) $ / shares in Units, $ in Thousands		6 Months Ended
		Sep. 30, 2023	Dec. 31, 2022
Per Share Data:
Net investment income (loss)	[1]	$ (1.56)
Net increase (decrease) in net assets resulting from operations	[1]	(1.56)
Distributions declared from net investment income		0
Issuance of shares		25
Other	[2]	0.73
Total increase (decrease) in net assets		24.17
Net assets, end of period		$ 24.17
Balance, Shares		2,056,000
Shares outstanding, end of period		2,056,000
Total return based on NAV	[3]	(3.32%)
Ratios:
Net expenses to average assets	[4]	16.61%
Net investment income to average net assets	[4]	(10.62%)
Portfolio turnover rate	[5]	0.47%
Supplemental Data:
Net assets, end of period		$ 49,694	$ 0
Total capital commitments, end of period		$ 252,600
Ratios of total contributed capital to total committed capital, end of period		20.31%
Average debt outstanding	[6]	$ 0
Asset coverage ratio	[6]	0%
[1] The per share data was derived by using the weighted average shares outstanding during the period. Includes the impact of different share amounts used in calculating per share data as a result of calculating certain per share data based on weighted average shares outstanding during the period and certain per share data based on shares outstanding as of a period end or transaction date. Total return is calculated as the change in net asset value (“NAV”) per share during the period, plus distributions per share, if any, divided by the beginning NAV per share. Dividends and distributions, if any, are assumed for purposes of this calculation to be reinvested at the quarter end NAV per share preceding the distribution. Return calculations are not annualized. For the six months ended September 30, 2023, amounts are annualized except for organizational costs, excise tax, and management fee and income based incentive fee waivers by the Adviser, if any. For the six months ended September 30, 2023, the ratio of total operating expenses to average net assets was 17.04 %, on an annualized basis, excluding the effect of management fee and income based incentive fee waivers by the Adviser, if any, which represented 0.43 % of average assets. Portfolio turnover rate is calculated using the lesser of year-to-date sales or year-to-date purchases over the average of the invested assets at fair value for the periods reported. Ratio is not annualized. As of September 30, 2023, the Company had no debt outstanding.

Financial Highlights - Schedu_2

Financial Highlights - Schedule of Financial Highlights (Parenthetical) (Details) $ in Thousands	6 Months Ended
	Sep. 30, 2023 USD ($)
Investment Company, Financial Highlights [Line Items]
Investment Company Ratio Of Operating Expenses To Average Net Assets	17.04%
Management Fee and Income Based Incentive Fee Waivers	0.43%
Average debt outstanding	$ 0	[1]
[1] As of September 30, 2023, the Company had no debt outstanding.

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - Subsequent Event [Member] $ in Thousands	Oct. 06, 2023 USD ($) shares
Subsequent Event [Line Items]
Number of shares issued and sold | shares	8,310,798
Aggregate offering price	$ 201,300
Unfunded Commitments	$ 0